The Industrial Parks Development Corporation (IPDC) announced a significant increase in investment in the country's industrial parks. Out of a total of 177 shades, 157 are now occupied by investors, leaving only 20 available for new investments.
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Adal Industry has commenced paper production from enset in Ethiopia, aiming to meet domestic demand and reduce foreign currency spending on paper imports.
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Wonji Pulp and Paper Factory plans to manufacture 150,000 tons of pulp and paper products in the current budget year.
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Ethiopian Investment Holdings (EIH) has announced ongoing negotiations to transfer ownership of certain sugar plants to both local and international companies.
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AvtoVAZ, the Russian state-owned automaker, and Ethio Engineering Group have signed a letter of intent to collaborate on manufacturing Lada cars in Ethiopia.
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A new plastic pipe and conduit manufacturing factory, established at a cost exceeding USD14 million in Adama Industrial Park, has commenced operations.
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